Herbert and Evita Are Planning to Open a Quick Copy

question 97

Essay

Herbert and Evita are planning to open a quick copy center near the local college. They will make both cash and credit sales. They will hire college students to make copies and to operate the cash register. Either Herbert or Evita will act as manager during most hours that the business will be open. One student will be designated as assistant manager when they cannot be present.
Describe procedures that Herbert and Evita might use to provide adequate internal control over cash and credit sales and bank deposits.

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Definitions:

Mars, Inc.

A global manufacturer of confectionery, pet food, and other food products, known for brands like M&M's, Snickers, and Pedigree.

Personal Photos

Photographs taken by individuals that capture personal moments, memories, or experiences, typically not intended for commercial use.

Time Utility

The value added to products or services by making them available at a time convenient for consumers, enhancing customer satisfaction.

Place Utility

The value added to products or services by having them available at a convenient place for consumers.